Recent reports of a significant exploit within the Multichain protocol have raised concerns about the security and reliability of their services. As a result, LEDU token holders are strongly advised to refrain from using Multichain for swaps until further notice.
The Multichain Exploit
Multichain, a popular protocol for token swaps and bridges, recently suffered an exploit that resulted in the loss of approximately $130 million. Token bridges associated with Multichain, including Fantom, Moonriver, and Dogecoin bridges, were targeted by the attacker. This unexpected incident has created uncertainty and prompted the Multichain team to recommend suspending the use of their services.
Safety Measures for LEDU Holders
If you are a LEDU token holder who has been using Multichain for swaps, it is crucial to take immediate action to safeguard your funds. Cease all swaps involving LEDU tokens on Multichain until further notice.
Remember, safeguarding your funds should always be a top priority in the world of cryptocurrencies. Stay vigilant, exercise caution, and prioritize the security of your LEDU tokens. As the investigation into the exploit continues, monitor the situation closely and follow any further updates or guidance provided by the LEDU community.